CFTC Requires Designated Contract Markets to Cease Non-Compliant Geographic Restrictions Within 30 Days

According to TechFlow, on November 6, the U.S. Commodity Futures Trading Commission (CFTC) issued an announcement stating that it had released an interpretation of the fair access requirements for designated contract markets, requiring the relevant markets to cease non-compliant domestic geographic restrictions in the United States within 30 days or explain to market regulators the reasons for their inability to comply.

The CFTC stated that designated contract markets should also, within 30 days, ensure that intermediaries accessing their markets do not impede the fair access requirements and comply with them; otherwise, they must likewise explain the reasons for non-compliance. The Commission will consider possible actions based on the facts and circumstances of each case.

Source: TechFlow